Economy Ministry secures financing for the North Gas Pipeline - News Summed Up

Economy Ministry secures financing for the North Gas Pipeline


The Reversal of the North Gas Pipeline is the next step, as it will allow natural gas to be distributed to the center and northern provinces, saving US$3.5 billion by not importing energy from Bolivia, which costs four times as much. Energy self-sufficiency and dollar savingsGovernment sources explain energy self-sufficiency is the key of the first stage of the work. ASources from the Economy Ministry led by Sergio Massa also added that this energy will cost 70% less than Bolivia’s. The price for locally-injected gas is US$ 3.79 MM/Btu against the US$11.32 of imported natural gas, and much cheaper than the US$18.24 of liquified natural gas (GNL), according to the latest May data from the energy subsidies monitoring agency of the Congressional Budget Office (OPC). The works consist in: an interconnection gas pipeline of 36″ nominal diameter and 123 km long, from the “La Carlota” compression plant of the Center West gas pipeline, to the “Tío Pujio” compression plant on the North Gas Pipeline, 62 kilometers of 30″ loops on the North Gas Pipeline, between the towns of Tío Pujio and Ferreyra, and injection reversal works at the plants.


Source: Bueno Aires Herald July 21, 2023 14:36 UTC



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